Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) EVP Sells 555 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 555 shares of PriceSmart stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total value of $50,183.10. Following the sale, the executive vice president now directly owns 79,008 shares in the company, valued at $7,143,903.36. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

PriceSmart Trading Up 0.4 %

Shares of PriceSmart stock opened at $90.79 on Friday. PriceSmart, Inc. has a twelve month low of $74.74 and a twelve month high of $99.23. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $91.40 and a 200-day moving average price of $89.28. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 20.00 and a beta of 0.86.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.22). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Equities research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

Hedge Funds Weigh In On PriceSmart

Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new position in PriceSmart in the 2nd quarter worth about $32,000. Heck Capital Advisors LLC purchased a new position in PriceSmart during the 4th quarter worth $53,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares in the last quarter. Finally, nVerses Capital LLC increased its holdings in PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

About PriceSmart

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.